ANGL vs USHY: Differences, Returns & Fees

On Jul 31, 2026 ANGL's duration was 4.5 years and USHY's 3.0; USHY charges 0.08% to ANGL's 0.25%. Net assets: $3.0bn on Oct 19, 2026 for VanEck Fallen Angel High Yield Bond ETF, and $25.6bn on Oct 20, 2026 for iShares Broad USD High Yield Corporate Bond ETF.

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Answers cite the figures on this page.

USHY costs 0.17 points a year less; their one-year returns differ by 2.4 points; USHY is 8.7 times larger.

ANGL vs USHY: Differences, Returns & Fees
ANGLUSHY
Expense ratio0.25%0.08%
Net assets$2.9bn$25.6bn
Total return, 1 year−1.2%+1.2%
What it tracksICE US Fallen Angel High Yield 10% Constrained IndexICE BofA US High Yield Constrained Index
Holdings in common4%
Below its high5.1%, high on Aug 25, 2026

Holdings in common uses holdings dated Jul 31, 2026.

−1.2%
ANGL total return, 1 year
+1.2%
USHY total return, 1 year
0.25%
ANGL expense ratio
0.08%
USHY expense ratio

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Client brief · page 1 of 2Report BR-6A4F2A1004

ANGL and USHY are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. ANGL follows ICE US Fallen Angel High Yield 10% Constrained Index and USHY follows ICE BofA US High Yield Constrained Index.
  2. Holdings in common. 4% of the weight is in the same securities (holdings dated Jul 31, 2026).
  3. One-year total return. Over 1 year to Oct 20, 2026 ANGL returned −1.2% and USHY +1.2% with distributions reinvested, a gap of 2.4 points.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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What they hold in common

By the books each fund has filed, ANGL and USHY hold 4% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

half

4% in common

Positions both hold, largest shared weight first
Holding ANGL USHY
Nissan Motor Co Ltd, due Sep 17, 2027 3.42% 0.16%
Nissan Motor Co Ltd, due Sep 17, 2030 3.23% 0.16%
Vodafone Group PLC, due Apr 4, 2079 3.33% 0.15%
Entegris Inc, due Apr 15, 2029 2.55% 0.10%
Paramount Global, due Jan 15, 2031 1.15% 0.09%
Celanese US Holdings LLC, due Nov 15, 2030 1.70% 0.07%
Paramount Global, due Jul 30, 2030 0.86% 0.07%
Celanese US Holdings LLC, due Jul 15, 2032 1.69% 0.07%
Celanese US Holdings LLC, due Nov 15, 2033 1.71% 0.07%
Paramount Global, due Apr 30, 2036 0.99% 0.07%
Dresdner Funding Trust I, due Jun 30, 2031 1.73% 0.07%
Paramount Global, due Sep 1, 2043 0.89% 0.06%
Only in ANGL
Resorts World Las Vegas LLC / RWLV Capital Inc, due Apr 16, 2029 1.48%
Celanese US Holdings LLC, due Jul 15, 2027 0.90%
FS KKR Capital Corp, due Jul 15, 2027 0.78%
Wilton RE Ltd, due Oct 22, 2030 0.61%
BlackRock TCP Capital Corp, due May 30, 2029 0.52%
Paramount Global, due Feb 15, 2028 0.49%
Paramount Global, due Jun 1, 2028 0.48%
Paramount Global, due Jun 1, 2029 0.48%
Only in USHY
1261229 BC Ltd, due Apr 15, 2032 0.47%
Meridian Arc Holdco LLC, due Apr 30, 2031 0.39%
EchoStar Corp, due Nov 30, 2029 0.39%
Quikrete Holdings Inc, due Mar 1, 2032 0.29%
PR RNO Property Owner 1 LLC, due May 1, 2031 0.28%
Asurion LLC/ Asurion Co-Issuer Inc, due Dec 31, 2032 0.26%
Cloud Software Group LLC, due Mar 31, 2029 0.26%
Cloud Software Group LLC, due Sep 30, 2029 0.25%

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On the same fields

ANGL
VanEck Fallen Angel High Yield Bond ETF
USHY
iShares Broad USD High Yield Corporate Bond ETF
Where it sits Bond ETF Bond ETF
What it is Tracks an index Tracks an index of Broad USD High Yield Corporate Bond
Total return, 1 year −1.2% +1.2%
Its benchmark over the same days not measured +1.1% (SPHY)
Gap to its benchmark not measured 0.0 pts vs SPHY
Expense ratio 0.25% 0.08%
Holdings 132 1901
Net assets, ANGL as of Oct 19, 2026 and USHY as of Oct 20, 2026 $3.0bn $25.6bn

ANGL and USHY on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About ANGL

ANGL tracks an index. Over the year to Oct 20, 2026 it returned −1.2% with distributions reinvested. The prospectus expense ratio is 0.25% a year. It sat 5.1% below its high of Aug 25, 2026 on Oct 20, 2026.

About USHY

USHY tracks an index of Broad USD High Yield Corporate Bond. Over the year to Oct 20, 2026 it returned +1.2% with distributions reinvested, against +1.1% for its benchmark, the ICE BofA US High Yield Constrained Index, measured by the closely related ICE BofA US High Yield Index. The prospectus expense ratio is 0.08% a year.

Questions people ask

Which returned more over the last year, ANGL or USHY?
In the year to Oct 20, 2026, with distributions reinvested, ANGL returned −1.2% and USHY +1.2%.
Which is cheaper, ANGL or USHY?
USHY is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's prospectus.
Cite this pageCitation, APA and Markdown

ETFIQ, ANGL against USHY, data as of Oct 20, 2026. https://etfiq.com/compare/any/angl-vs-ushy

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.